Calculation and Knowledge

Displaying 171 - 180 of 691
Andrew Syrios
Modern mathematical models in economics are about as useful as star mapping for predicting the future.
Murray N. Rothbard
In a free market, businesses have little need of economy-wide statistics. They are, however, desperately needed for any sort of government planning.
Jonathan Newman

There will always be jobs because there will always be scarcity. Human wants are unlimited, yet the resources are limited — even with robots.

Sascha Klocke
The Svalbard Global Seed Vault shows how listening to the local experts outside the central bureaucracy is an essential part of economic planning.
Per Bylund Matthew McCaffrey
What is the relationship between entrepreneurs and uncertainty? Two Austrian economists explore the issue in this new journal article.
David Gordon
If a person makes a lot of money through "luck" perhaps the most philosophically rigorous answer is simply this: "so what?"
Frank Shostak
Much like an entrepreneur, a good investor seeks to know how to best serve consumers — and then invests his money in firms that do it.
Friedrich A. Hayek
What individualism teaches us is that society is greater than the individual only in so far as it is free.
Peter G. Klein
To most observers, nudging sounds like clever management techniques. The power to nudge by the state, however, is an entirely different matter.
Per Bylund
The left has always been anti-economics for the simple reason that economics shows the real cost of progressive policy.